what are the major differences between expenditures and expenses as used in governmental Accounting

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what are the major differences between expenditures and expenses as used in governmental Accounting

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Answer 1

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It is funds used to ensure that revenues will be earned during a given time period. Examples of expenses that ensure the continuance of revenue include rent, salaries, parts, etc.

Expenditure is a payment. It can be used for purchasing assets, paying down bills (liabilities), and dividends.

An example to show the difference between the two would be if a company buys a car. The car expenditure occurs on a given day and the car will be expensed as depreciation over x amount of years.

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what are the major differences between expenditures and expenses as used in governmental Accounting

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Distinguish between and define the terms “expenditures” and “expenses”, referencing material in the textbook and within...

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what are the main differences between governmental health agencies, quasi-governmentsl health agencies, and nongovernmental health agencies?

what are the major differences between expenditures and expenses as used in governmental Accounting

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